The Effect of Leverage, Profitability, Accounting Profits and Good Corporate Governance to Price Stock on Company Manufacture Sub Sector Pharmacyi, Cosmetics and Necessity House Stairs in Exchange Effect Indonesia Period 2016-2019

Wrongioneishapeiinvestmentithatimoderateiin demandibyicurrent investorsithisiis iinvestment iin ishape istocki, because ioffer iadvantage ithat ienough ihigh ihowever iin ithat side itoo ihave irisk ithat ienough ihigh. iBy ibecause ithat ibefore iset idecision iinvestment ithen iinvestors ineed iTo do ianalysis ito ifactor ithat iinfluence imovement iprice istock. Wrongiione factorithatiinfluenceipriceistockiisileverage.iLeverage is iratio ithat measure icondition iability icompany iin ipay off idebtithatiowned byisomethingicompany.iCompanyithatihaveidebtithat ihigh of course iwill iimpact ion performance ifinance icompany ithat iother, by ibecauseithatiinvestorsilessilikeicompany which haveiihigh debt as it willi inegative impact ito iprice istock. Besides the level idebt, another factor being iinfluence iprice istock ithat isiprofitability. Profitability ishow iability icompany iin ireturn the investment that has been invested by investors in the form of assets. The higher the profitability, the higher the return received by investorsiso that iwill iimpact ipositive ito iprice istocki. Accounting profit is not only important ifor iparty imanagement ibut also ifor partyiholder istock. iProfit icould iused iUS imeasurement ion iefficiency imanagementi, as tool igauge isuccess iand iUS iguidelines idecision maker imanagement ion iperiod ithat iwill come. iIn igeneral iprofit itoo ihas been ibe accepted iUS isize return iinvestmenti. iMore and Abstract

Besides the level idebt, another factor being iinfluence iprice istock ithat isiprofitability. Profitability ishow iability icompany iin ireturn the investment that has been invested by investors in the form of assets. The higher the profitability, the higher the return received by investorsiso that iwill iimpact ipositive ito iprice istocki.
Analysis of financial performance regarding leverage, profitability and accounting profit alone is not sufficient if the company does not have isystem imanage icompany ithat igood. iExistence iGood iCorporate iGovernance ithat igood icould itighten isupervision of company activities so that management will be more careful in using debt and always pay attention to changes in profit.
Financial performance is a measuring instrument to know the process of implementing the company's financial resources. It sees how much management of the company succeeds, and provides benefits to the community. Sharia banking is contained in the Law of the Republic of Indonesia No.21 of 2008 article 5, in which the Financial Services Authority is assigned to supervise and supervise banks. (Ichsan et al, 2021) Stock prices are interesting to study because stock price movements cannot be predicted with certainty where every minute every second continues to move / change. This study uses the pharmaceutical sector becauseialong iincrease icommunity population iIndonesia imake ivolume ineeds iagainst drugsi-imedicine itoo iexperience ienhancement. Company icosmetics iand inecessity ihousehold ipredictable iwill iincreasingly ideveloping rapidly inow as well iin iperiod ithat iwill icome. Thing ithe isupported by igrowth iPublic Indonesia ithat ifollow itrend and iconvenience iaccess ipurchase iequipment ihouseholdi. i Following ithis ican be seen iimore clearly iabout iphenomenon ithat ioccurs in ithree company imanufacture isubsector ipharmacyi, icosmetics iand necessities iHouse istairs ithat registered on iExchange iIndonesian Securities iperiod i2016i-i2019 icould iseen through table i1 iin iunder ithisi: At PT. Mandom Indonesia, Tbk (TCID) assets in 2017 to 2018 have increased but the share price is preciselyiexperience idrop.OniPT. Unilever Indonesia,iTbk (UNVR)iprofitinet in 2017 to 2018 has increased but the share price has actually decreased. At PT. Kalbe Farma, Tbk (KLBF) the number of commissioners from 2016 to 2017 increased as well as the share price increased, on the other hand, the number of commissioners from 2017 to 2018 decreased, the share price also decreased.iBased on idescription iand iphenomenon in ioni, then iinterested researchers ito iTo do iresearch iby title:"Influence iLeveragei, iProfitability, Accounting Profits iand iGood iCorporate iGovernance iagainst Price iStock ion iCompany Manufacture iSub iSector iPharmacy, iCosmetics iand iNecessity iHouse iStairs iin Exchange iEffect iIndonesia iPeriodi2016i-i2019".
The debt policy is a policy to determine the funds of each company that comes from external sources. Managers in each company can pay attention to the risks of using debt in determining the proportion of debt appropriately in order to increase the value of the company. However, in fact there is disruption and inconsistency of debt policy resulting in a decrease in the value of the company so that the statement where the debt policy can increase the value of a company is not as expected. (Afiezan et al, 2020)
Profitability is the ratio used to measure a company's ability to generate profits with the company's resources. Companies that have stability in obtaining profits can give signals to the public about the ability to pay dividends, (Hery in Angelia, 2020)

Research Methods
This research can be classified as ex post facto research involving 148 physical education teachers in SMA Kota Medan. The method in data collection is used by providing a questionnaire with five answer choices. The sampling technique used was proportional random sampling. The instrument used was first tested outside the sample to ensure valid and reliable instruments. The validity test used the produc moment correlation, while the reliability test used Croncbach alpha. Before testing the hypothesis, the analysis prerequisite test is carried out including the normality test and the regression linearity test.

Classic assumption test
Regression model will could used as a tool estimate that not bias if it has Fulfill requirements BLUE (best linear unbiased estimator) that is distributed data normal, not exist multicollinearity, there is no autocorrelationand notiexist heteroscedasticity. Testing assumption classic on research this consists of 4 tool test that is test normality, test multicollinearity, test autocorrelation and heteroscedasticity testi.

Model Analysis Research data
Testing hypothesis on research this to test is independent variable take effect in a manner Partial nor simultaneous against variables dependent use test F and t test. As for model regression used is analysis regression multiple with formula: Y = a + b1X1 + b2X2 + b3X3 b4X4+ e Information: Y = Price Stock a = Constant X1 = Leverage X2 = Profitability X3 = Accounting Profit X4 = GCG b1..... b4 = Regression coefficient e = Variable bully

Hypothesis Determination Coefficient
According to Ghozali (2013: 97) coefficient determination on the bottom line measure how much far ability model in explain variation variable dependent. Score coefficient determination is Among 0 and 1.

Hypothesis Test Partially
According to Ghozali (2016: 98) test statistics t on basically show how much far influence one variable independent in a manner individual in explainvariationiivariabledependent . Toknowing hypothesis which is filed be accepted or rejected done with way compare value of tcount with score ttable on level of confidence 95% (α = 0, 05%) with provisions as following: a. If -ttable ≤ tcount ≤ ttable , then H0 accepted and Hairejectedi. b. If tcount > ttable or -tcount < -ttable , then H0 rejected and Haibe acceptedi.

Test Hypothesis Simultaneously
According to Ghozali (2016: 98) test statistics F on basically show is all variable independent that entered in model have influence in a manner togethersameto variabledependenti. To test is hypothesis that filed be accepted or rejected done in a way compare score Fcount with score Ftable on level trust 95% (α = 0, 05) with provisions as following: a.. If Fcount <Ftable , then H0 accepted and Hairejected. If Fcount > Ftable, then H0 rejected and Ha be accepted

Descriptive statistics
The number of observational data amounts to 44 data taken from 11 samples for the 2016-2019 periods.  The minimum share price is Rp.183,-which is at PT.PyridamiFarma, Tbkyear2017with valuemaxamounting to Rp55. 900, -oniPT.UnileverIndonesia, Tbk in 2017 and the averageaverage price its shares amounting to IDR 9,705,34.

Assumption Test Classic a. Test Normality
Data processed not Fulfill assumption normality by becausesignificant that generated at 0, 000 <0, 05 because that necessary improvement data. Transformation technique treatment data this use LN. As for the result test normality on research this is asfollowing:

Figure 1. Test Histogram Normality
From the graph the histogram shows that after the transformation the data has a normal distribution because of the visual graph shaped symmetrical not whiny to right or to left. Besides the histogram assumption normality too can be seen from chart P-Plot.

Figure 2. Test Normality P-P Plot
From the graph of P the plot shows the data has a normal distribution which can be seen from the plot that moves along a diagonal line.

Table 5. KS Test Results
Based on the KS test results obtainediscoresignificant0, 093>0, 05thenicould taken conclusion if the data after being transformed has met the normality assumption.

b. Test Multicolinearity
Multicollinearity test is a terms assumption second after normality. To see is between variable independent not have correlation then could judging by the value tolerance and VIF.

Table 6. Multicollinearity Test
The multicollinearity test results show that the independent variables are not correlated because of value tolerance respectively-each variable free has been more great of 0, 10 and value VIF from respectively-Each variable free has been more small of 10.

c. Autocorrelation Test
The regressiongoodmustFulfillthird assumptionthat isnotoccurthat correlation the result the test could seen on table following:

Table 7. Auto Correlation Test
The autocorrelation test with this run test is seen from a significant value of 0.647 which is compared with 0, 05 so that could concluded the result test run test this not occur autocorrelation because score significance more high from 0.05.

d. Test Heteroscedasticity
Test heteroscedasticity on research this use graph method and statistics, Where statistical method that selected use test spearmans rho.

Figure 3. Test Heteroscedasticity of the Scatterplot
From test results chart scatterplot data show the plot has spread in a manner random so the data on research this has been qualify assumption test classic because not heteroscedasticity occurs.

Table 8. Spearman's rho test
From test results spearmans rho, shows data on research this not occur heteroscedasticity because significant value from 4 independent variable that is Leverage, profitability, Profit Accounting and GCG ( number of boards commissioner) more big from limit score significant that determined namely more big from 0, 05. From equation regression multiple the could described as following: 1. Constanti (ai)amounting to 0,583the meaningiifivariablefree (Leverage,Profitability, profit accounting and GCG) constant or worth 0 then Price Stock will worth amounting to 0, 583 unit. 2. b1X1 of 1.338 means that each Leverage increase is as much 1 unit will cause enhancement on Price Stock amounting to 1, 338unit. 3. b2X2 equal to 0.275 means that each increase in profitability as much 1 unit will cause enhancement Price Stock amounting to 0, 275unit. 4. b3X3 of 0.417 means that each increase in Accounting Profit is as much 1 unit will cause enhancement Price Stock amounting to 0, 417unit. 5. b4X4 of -0,946 means any increase in the number of board members 1 commissioner unit will cause drop Price The shares amounting to -0, 946 unit. Table 10. Test Coefficient Determination

f. Test Hypothesis Coefficient Determination
The size influence from variable independent to variable dependent seen from score Adjusted R Square amounting to 0,501 that mean amounting to 50, 1% from variation Price The shares that could described by variable independent that usedi that is ( Leverage, profitability,Profit AccountingandiGCG) Wherethe rest amounting to 49, 9% influenced by another factor for example variable ratio activity, market ratios and dividend policy.  (2014) DAR has a significant effect in a positive direction on its share price.By using good debt, it will be useful as a profit booster. With the increase in profit, automatically the share price also increases because the market responds positively as a good signal.

Effect of X2 on Y
The research results cannot prove the effect of profitability on stock prices. The results of Rodiyah and Sulasmiyati's research (2018) show that ROI has no effect on stock prices. The rate of return on investment has no effect on share prices because this sector has been around for a long time but its development is not fast enough, which can be seen from the small number of issuers in this sector.

Effect of X3 on Y
The results of the research prove that there is an effect of accounting profit on stock prices. Asrianti and Rahim's research (2015) also found that gross profit had a significant effect on the LQ 45 company's stock price.By knowing the amount of accounting profit, investors can see the company's performance in creating sales and the amount of operational costs incurred by the company, so that if the company is able to generate a positive accounting profit it will be seen as a good signal with a positive impact on the company's shares.

Effect of GCG on Y
The results of this study cannot prove the influence of the board commissioners on stock prices, as well as research by Putri and Christiana (2017) which shows that the board of commissioners has no influence on the reaction to market / share prices. Changes in stock prices cannot be measured by the number of commissioners because the board of commissioners must have experience in managing companies in the related industrial sector because it can automatically improve the company's financial performance.

V. Conclusion
The conclusions from the results of this study are: 1. Leverage positively and significantly affects the stock price of manufacturing companies in the pharmaceutical, cosmetic and household subsectors on the Indonesia Stock Exchange for the period 2016-2019 2. Profitability does not affect the stock price of manufacturing companies in the pharmaceutical, cosmetic and household subsectors on the Indonesia Stock Exchange for the period 2016 -2019 3. Accounting profit affects the stock price of manufacturing companies in the pharmaceutical, cosmetic and household subsectors on the Indonesia Stock Exchange for the period 2016 -2019 4. GCG / board of commissioners does not affect the stock prices of manufacturing companies in the pharmaceutical, cosmetic and household subsectors on the Indonesia Stock Exchange for the period 2016-2019 5. Simultaneously Leverage, Profitability, Accounting Profit and GCG affect the stock prices of manufacturing companies in the pharmaceutical, cosmetic and household subsectors on the Indonesia Stock Exchange for the period 2016 -2019. The magnitude of the influence of the variation of the independent variables on the dependent variable as seen from the adjusted R Square value on the coefficient of determination with the magnitude of the influence of 50.1% where the remaining 49.9% is influenced by other variables.

Suggestion
Researchers provide suggestions for interested parties, namely: 1. Researchers who wish to conduct research with the same variables are advised to replace this sector with other sectors, for example in the financial sector because at this time this sector is very vulnerable to economic crises. 2. It is expected that investors will not only rely on the level of accounting leverage and profit, but are advised to conduct an analysis of the company's external factors as well, such as interest rates and inflation. 3. It is hoped that this sector can develop even better because it is still many companies in this sector have not yet gone public.